can I rollover my current 401k to a previous (STATE 401k)?

Question

I want to rollover my current 401k to a previous employer it was through a state 401k pension plan.

Answer 1

No you have it backwards. You can only rollover from a former employer account to the current employer account. Of course your currentemployer's plan must allow such rollovers. The rollover should go directly from the old employer plan to the new plan in order to avoid the 20% federal withholding that would be required if the money is sent to you.
If you don't want to rollover to the new employer plan you could rollover the old plan to an IRA account.

Answer 2

you have the terminology all incorrect. a million. as quickly as they decrease the verify, you cashed out the IRA. The 1099-R for that twelve months replaced right into a given. 2. You had 60 days complete to roll the verify into the 401K or yet another IRA. You did no longer. the 1099-R *sticks* and that money is now considered AFTER-TAX money. you could no longer roll it over to a distinctive account now in any respect. (in case you do, it somewhat is sparkling money--nonetheless taxable--and difficulty to the $5K decrease on contributions.) 3. You have been meant to record the 1099-R on the 2009 tax return, pay the tax and pay the ten% penalty (until eventually you're fifty 9.5 years of age or another exception applies.) 4. I forgot is an costly lesson. on your case it somewhat is $one thousand in penalty. in case you forgot to contain the money on the 2009 return, amend. in case you wait lots longer, the IRS will deliver you a CP2000 with the bill, plus activity and effects. via amending now and paying now, you lesson the addon. Edit: Any new verify is only a replace for the hot verify. no count the way it somewhat is dealt with, it does no longer undo the previous verify.